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Pinnacle Financial Partners Inc (PNFP.OQ)

PNFP.OQ on NASDAQ Stock Exchange Global Select Market

55.27USD
23 Sep 2016
Change (% chg)

$-0.39 (-0.70%)
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Latest Key Developments (Source: Significant Developments)

Pinnacle Financial Partners Q2 EPS $0.75 excluding items
Tuesday, 19 Jul 2016 05:30pm EDT 

Pinnacle Financial Partners Inc : Net interest income for quarter ended june 30, 2016 increased to $75.0 million, compared to $73.9 million for q1 of 2016 . Increased quarterly cash dividend to $0.14 per common share to be paid on aug. 26, 2016 . Anticipate improvement in future performance of non-prime consumer auto portfolio going forward . Pnfp reports diluted earnings per share of $0.73 for 2q 2016 . Q2 earnings per share $0.75 excluding items . Q2 earnings per share $0.73 . Q2 revenue $107.8 million . Q2 earnings per share view $0.75 -- Thomson Reuters I/B/E/S . Pnfp reports diluted earnings per share of $0.73 for 2q 2016 . Pinnacle financial partners inc says board of directors increased quarterly cash dividend to $0.14 per common share . Qtrly Shr Excluding Merger-Related charges, $0.75 .Q2 revenue view $104.3 million -- Thomson Reuters I/B/E/S.  Full Article

Avenue Financial shareholders approve merger with Pinnacle Financial
Tuesday, 21 Jun 2016 04:05pm EDT 

Avenue Financial Holdings Inc : Avenue Financial Holdings, Inc. Shareholders approve merger with Pinnacle Financial Partners, Inc. . Merger is expected to close on or about July 1, 2016 .Avenue financial holdings, inc. Shareholders approve merger with pinnacle financial partners, inc..  Full Article

Pinnacle Financial Partners gets regulatory approvals to buy Avenue Financial Holdings
Friday, 20 May 2016 12:13pm EDT 

Pinnacle Financial Partners Inc : Pinnacle Financial Partners obtains regulatory approvals to acquire Avenue Financial Holdings .Anticipates that merger of holding companies and banks should become effective late in Q2 or early in Q3 of 2016.  Full Article

Pinnacle Financial Partners Inc announces agreement to merge with Avenue Financial Holdings
Thursday, 28 Jan 2016 05:50pm EST 

Pinnacle Financial Partners Inc:Signing of a definitive agreement for Avenue to merge into Pinnacle.Avenue shareholders will receive 0.36 shares of pinnacle's common stock and $2.00 in cash for every Avenue share.Says deal immediately accretive to operating earnings.Says proposed merger of Avenue with and into Pinnacle has been approved unanimously by each company's board of directors.Says transaction is currently valued at approximately $201.4 million.In addition to merger consideration, Pinnacle will assume $20.0 million of subordinated debt previously issued by Avenue.Deal comprised of stock consideration of approximately 3.7 million shares of pnfp common stock and $23.2 million in cash.Says Pinnacle plans to close its green hills office and consolidate into avenue's space.At closing, Avenue shareholders will own about 8.1 percent of the combined firm on a fully diluted basis.Sees avenue's bank subsidiary, Avenue Bank Pinnacle Bank to merge simultaneously with merger of respective parent cos.Systems conversions are scheduled to be completed during Q3 or Q4 of 2016.Until that time, Avenue will continue to operate under current brand as division of Pinnacle Bank once deal is consummated.  Full Article

Pinnacle Financial Partners Inc declares cash dividend
Tuesday, 20 Oct 2015 05:31pm EDT 

Pinnacle Financial Partners Inc:Declares a $0.12 per share cash dividend to be paid on Nov. 27, 2015 to common shareholders of record as of the close of business on Nov. 6, 2015.  Full Article

Pinnacle Financial Partners Inc closes merger with Magna Bank
Tuesday, 1 Sep 2015 09:00am EDT 

Pinnacle Financial Partners Inc:Completed previously announced merger with Magna Bank today.Acquisition, which was first announced on April 28, 2015, was concluded following receipt of shareholder approval from Magna's shareholders and receipt of all required regulatory approvals.Magna will operate as a division of Pinnacle Bank until November 2015 when both firms anticipate combining their operations.  Full Article

Pinnacle Financial Partners, Inc announces pricing of private offering of bank-issued subordinated notes
Monday, 27 Jul 2015 08:20am EDT 

Pinnacle Financial Partners, Inc:Announces pricing of private offering of bank-issued subordinated notes.Its unit priced issuance of $60 million in aggregate principal amount of subordinated notes due 2025.Says the subordinated notes will bear a fixed interest rate of 4.875 percent per annum until July 30, 2020.From July 30, 2020, subordinated notes to bear floating rate of interest equal to 3-month libor + 3.128 percent per annum.Says Pinnacle estimates that the net proceeds from the sale of the notes will be approximately $59.1 million.  Full Article

Pinnacle Financial Partners Inc declares dividend
Tuesday, 21 Jul 2015 05:30pm EDT 

Pinnacle Financial Partners Inc:Declares $0.12 per share cash dividend to be paid on Aug. 31, to common shareholders of record as of close of business on Aug. 7.  Full Article

Pinnacle Financial Partners obtains regulatory approvals to acquire CapitalMark Bank & Trust and Magna Bank
Monday, 6 Jul 2015 05:12pm EDT 

Pinnacle Financial Partners:Says it has received approvals of applications to merge with CapitalMark Bank & Trust in Chattanooga, TN and Magna Bank in Memphis, TN from both Tennessee Department of Financial Institutions and Federal Deposit Insurance Corporation.Subject to approval by shareholders of both CapitalMark and Magna, as well as satisfaction of other closing conditions, Pinnacle anticipates that mergers should become effective during third quarter of 2015.shareholder meetings for CapitalMark and Magna are scheduled to occur in late July.  Full Article

Pinnacle Financial Partners Inc announces agreement to acquire Magna Bank in Memphis
Tuesday, 28 Apr 2015 07:40pm EDT 

Pinnacle Financial Partners Inc and Magna Bank:Announced signing of definitive agreement for Pinnacle to acquire Magna via merger.Proposed merger of Magna with and into Pinnacle has been approved by each company's board of directors and is expected to close early in fourth quarter of 2015.Under terms of merger agreement, Magna shareholders will have right to elect to convert their outstanding shares of common stock into 0.3369 shares of Pinnacle's common stock plus cash in lieu of any fractional shares, or into cash payment equal to $14.32 per Magna share.Or into combination of 0.3369 shares of Pinnacle's common stock and $14.32 in cash at a ratio of 75 percent stock and 25 percent cash.Because maximum amount of stock and cash that Pinnacle will pay in the merger is capped at 75 percent and 25 percent, respectively, of Magna's outstanding shares, those Magna shareholders that elect either all stock or all cash may automatically have their elections adjusted.so that in aggregate, 75 percent of all Magna shares outstanding will be converted into shares of Pinnacle's common stock and 25 percent will be converted into cash.  Full Article

BRIEF-Pinnacle Financial Partners Q2 EPS $0.75 excluding items

* Net interest income for quarter ended june 30, 2016 increased to $75.0 million, compared to $73.9 million for q1 of 2016